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Commentary by Steven Lofchie

In letters to six special purpose acquisition companies, Senators Elizabeth Warren (D-MA), Sherrod Brown (D-OH), Tina Smith (D-MN) and Chris Van Hollen (D-MD) expressed concerns over "misaligned" investor and sponsor interests under the SPAC structure.

By a vote of 258-159, the House passed the "Economic Growth, Regulatory Relief, and Consumer Protection Act." The bill would ease certain banking regulations implemented following the financial crisis of 2008.

By a vote of 67-31, the Senate passed the "Economic Growth, Regulatory Relief, and Consumer Protection Act." The bill would make changes to banking regulations implemented following the financial crisis of 2008.

Federal Reserve Board Governor Jerome Powell, Acting Comptroller of the Currency Keith A. Noreika, and FDIC Chair Martin Gruenberg testified at a hearing on "Regulation and Economic Growth" held by the Senate Committee on Banking, Housing, and Urban Affairs.